Dollar strikes back, Japan in spotlight
Japanese inflation and monetary policy are under the spotlight in Asian trading on Friday, as a mood of nervous anticipation descends on world markets ahead of U.S. Fed Chair Jerome Powell’s Jackson Hole speech later in the day.
U.S. stocks and bonds fell and the dollar rose on Thursday, a reversal of this week’s moves that had seen the S&P 500 climb back toward its recent all-time high, the 10-year yield post its lowest close in over a year, and the dollar hit a 2024 low.
Source: REUTER